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Tag: Counterfeit currency

Recently, Police nabbed a government employee from his residence in Chirala town or Prakasam for allegedly printing and circulating counterfeit notes.

The accused has been identified as David Raju who is a junior assistant at Chirala RTC depot. Recently two vendors were arrested for possessing fake currency with a value of around Rs 3 lakhs. However, cops said that they did not print the cash and were only circulating them.

After further investigation, they revealed that they did not print the cash and were only circulating them. Based on the information provided by the two it was found that Raju was behind the whole racket. Fake currency worth Rs 13 lakh was confiscated from Raju with the equipment used for printing.

Raju was mostly printing notes of Rs 100 or Rs 50 and slipped the notes between the two original notes so as to avoid suspicion. Later he sold fake currency worth Rs 3 lakh for Rs 30,000. As per officials, Raju has been sent to judicial custody.

The Directorate of Revenue Intelligence (DRI) recently caught two people with fake currency notes of the denomination of Rs 2,000 from the Surat railway station.

DRI has got a tip-off about a man who was possessing counterfeit notes of Rs 2000. The accused had arrived from a station from Muzaffarabad, Bihar with a stack of 100 duplicate notes worth Rs 2 lakh.

The accused Vinod Nishath is a resident of Muzaffarabad in Bihar. He revealed that the counterfeit notes were delivered to him from Bangladesh and that he had boarded a train to deliver it to a person in Surat.

Vinod’s mobile phone was constantly ringing and the man on the other side was Mohammed Mehfooz Shaikh. The DRI officials asked Vinod to answer the phone and call Shaikh to the railway station. When Shaikh arrived, he was immediately caught.

The DRI official said that both the accused were presented before the district sessions court for obtaining their remand and were later send to Lajpore central jail for 14 days under judicial custody.

Inspired by a YouTube tutorial on printing fake Indian currency, a man named Ravi Sandhu printed fake notes in the denominations of Rs 2000, Rs 500 and Rs 200.

He first started to circulate them in interiors of Punjab, but after an action by the police, he shifted his base to Delhi. He used to circulate fake currency at weekly markets and liquor shops. Police have confiscated his set-up and fake notes, with a total value of Rs 1.38 lakh. Sandhu confessed, that till date, he has printed fake notes with a total value of Rs 10 lakh

He also revealed that the Punjab Police had earlier arrested him in connection with the fake current racket. After coming to Delhi, he had become more careful in his activities and would change his hideout every three months to avoid being caught. DCP Monika Bhardwaj said that an FIR has been registered against Sandhu for printing fake currency and, the case is still ongoing to know if Sandhu had any accomplices.

The accused would download pictures of the notes and then take printouts on normal paper. The notes were cut with precision, crumpled and were kept in damp places to make them look original.

The fake currency racket was busted when police got a tip-off about his activities in a weekly market. A police team comprising of a Sub Inspector and others were formed and traps were laid at different places. Sandhu was caught when he reached a shop with the fake notes.

A senior officer said that they seized 64 fake currency notes in the denomination of Rs 2000, 17 notes of Rs 500 and eight notes of Rs 200. If you analyse carefully you can easily identify the difference in the quality of the note, paper and thread when compared to original currency notes.

A special task force from Karnal and the Ambala Police has arrested two offenders with fake currency notes of Rs 500 and Rs 100 denominations. The authorities recovered 19 counterfeit notes of Rs 500 and 22 counterfeit notes of Rs 100. The total value of counterfeit recovered from the offenders have a value of Rs 11,700.

In the recent past, there has been an increase in the number of (FICNs) fake Indian currency notes of not just higher denomination but also lower denominations.

The persons arrested have been identified as Baljinder Singh, a resident of Asha Singh Garden, Baldev Nagar, Ambala City and Sumit Sharma resident of Housing Board Colony, Baldev Nagar, Ambala City. Both the offenders were presented before the court which sent them to two-day police remand.

On the complaint of the police official, the Baldev Nagar Police station has registered a case against both the accused under section 489A, 489Band 489C of the Indian Penal Code.

As mentioned in the FIR the police official stated, “We were patrolling near Baldev Nagar Chowk in Ambala City. We got information and took the necessary measure to catch the culprits with the counterfeit notes.”

The Mumbai City Crime Branch arrested a 37-year-old man with (FICN) fake Indian currency notes worth Rs 28,850. The police alerted that counterfeits are now being produced in lower denominations like Rs 200 and Rs 50.

The suspect has been identified as Jayesh Khaire, a resident of MHB Colony in Borivali East. The man was caught after responding to a lead that a man carrying counterfeit notes would come to the Charkop Market after which the Crime Branch of Kandivali Unit reached the spot.

One of the Crime Branch officers said that after searching the person he found fake notes of the value of Rs 28,850 along with two mobile phones, a PAN card and Aadhar card. The police have found two notes of Rs 2000 denomination, 20 notes of Rs 500 denomination, 15 notes of Rs 200 denomination, two notes of Rs 100 denomination and 33 notes of Rs 50 denomination.

The investigating officer said that after prolonged questioning Khaire confessed to his crime. This is a worrying situation as counterfeiters earlier used to pump in high denomination notes in India markets but now, they have begun pumping low denomination notes as well. He also said that they are also analysing his mobile phones.

Meanwhile, the police have booked cases under Indian Penal code sections 489A (counterfeiting currency-notes or bank-notes), 489B (using as genuine, forged or counterfeit currency-notes or bank-notes) and 489C (possession of forged or counterfeit currency-notes or bank-notes) were registered at Charkop police station.

The Police department in Ohio led to an investigation that resulted in five people being charged for a duplication operation. The case began in October when local businessman complained of getting bogus bills.

According to a police official Andrea Litchfield, “We are witnessing all kinds of counterfeit bills ones, fives, 10s, 20s, 50s and even 100s.”

The police official further said bills are coming from cash related transactions such as Facebook Marketplace and Offer Up. The people are witnessing the presence of counterfeit money at gas stations, local businesses. Similar incidents of phony bills have been reported from Upper Arlington.

Out of the five people four have been caught while one is absconding.

Police say local businesses and people using popular websites to sell items were being paid with bogus cash. Police say they found an extravagant counterfeiting operation within a month. They worked with other agencies including seven counties from Ohio and Indiana.

Recently four persons were arrested from Narkeldanga area in concern with the counterfeiting of Rs 500 notes. Kolkata Police recovered counterfeit notes of both Rs 2000 and Rs 500 after the arrests from Maharani Swarnamoyee Street.

The four alleged persons have been identified as Prashanta Majumdar who hails from Nadia, Md Akram Ali a resident of Tiljala, Anaraul Haque from Malda, Guddu Khureshi from Topsia. The cops have been bewildered as the three people are from Kolkata.

The overall value of the counterfeit currency is around Rs 4.25 lakh. The confiscated notes include 163 Rs 2000 notes and 198 Rs 500 notes. As RBI is taking stringent regulations for the proper flow of Rs 2000, counterfeiters are making more emphasis on faking Rs 500 notes.

Police has revealed that the four men earlier used to bring notes through Malda but recently shifted their routes through Nadia and Assam. Counterfeiters were successfully able to copy 17 security features of the notes which include design, colour, pattern, number pattern, see-through watermark, the picture of Mahatma Gandhi, Swachh Bharat logo and slogan and motif of Mangalyaan.

The case related to counterfeit currency racket is likely to be handed over to the National Investigation Agency (NIA). The fake currency racket has spread its tentacles in many Southern states and may have international links to crime syndicates and terrorists.

Eight youths from Malda district who were arrested due to their involvement in the racket told the police that they were just distributing fake notes of Pakistani origin made available in Malda West Bengal. Fake notes of the value of Rs 2.19 lakh were seized from them, the police reported.

An official heading the NIA team rushed to interrogate the youths for more than six hours as the investigators suspect that they might have terror links. The team has taken their transaction and call details.

As the case has international crime links the Kerala state police won’t be able to handle the case further and the case has been taken over by NIA. The NIA in the past has handled cases of counterfeit rackets operated from across the border in other States.

Besides this, other intelligence agencies including military intelligence are keeping a close watch on the case and contacted the rural police. The fake currency notes seized are in the denominations of Rs 1,000 and Rs 500.

Despite the move of demonetisation counterfeiting of currency is not getting under control. There have been reports of fake currency coming from different corners of the country. Recently, Madhya Pradesh police has seized notes of Rs 2000 which summed up to an amount of Rs 80,000.

Police has said that it was tough to distinguish between fake and original products and the counterfeiters belong to Bangladesh. The accused has been identified as a resident of Morena and was caught while buying items with fake currency. The accused was chased and caught, he had notes valuing up to Rs 80,000. Upon further interrogation, the accused revealed that he used to buy fake notes from a person in West Bengal and later came to areas around Gwalior to use the counterfeit currency.

Sources reveal that the features that were copied this time include the watermark, Ashoka Pillar emblem, the guarantee clause, RBI’s governor signature and a denomination number in Devanagari. After demonetisation, this is the second major confiscation. Earlier in 2017 fake notes of Rs 2000 were incorporated with 16 security features of the new currency. The currency was detected due to the pink hue and poor paper quality.

According to central investigation agency officials earlier the FICN (Fake Indian Currency Note) was circulated through Pakistan but now it has found a new base in Bangladesh. Police says that this time counterfeiters have targeted Rs 2000 notes due to their higher circulation compared to Rs 500 notes.